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Tag: mln
EC fines Altice EUR 125 mln for breaching EU rules over merger notification
2018-04-24 14:20:00| Telecompaper Headlines
(Telecompaper) For its part, Altice said it fully disagrees with the Commission's decision. It believes the transaction agreement governing the management of the target during the pre-closing period provided Altice with a consultation right on certain exceptional matters relating to PT Portugal, and was in accordance with well-established M&A market practice. Altice said it will file an appeal against the Commission's decision before the EU General Court to request that the decision as a whole be annulled or, at the very least, that the sanction be significantly reduced.
Tags: over
eur
rules
notification
CityFibre accepts GBP 537.8 mln takeover offer from Antin consortium
2018-04-24 09:49:00| Telecompaper Headlines
(Telecompaper) UK wholesale operator CityFibre said it has accepted an acquisition that values the company at around GBP 537.8 million, or GBP 0.81 per share in cash. The offer was made by Bidco, a newly incorporated 50:50 consortium made up from Antin and WSIP, itself including West Street Global Infrastructure Partners and Broad Street Principal Investments UK. CityFibre said the deal represents a premium of almost 93 percent from the closing price of GBP 0.42 per share on 23 April, the last day before the bid announcement.
Tags: offer
accepts
gbp
consortium
Netflix reaches 125 mln subscribers after strong Q1
2018-04-17 10:00:00| Telecompaper Headlines
(Telecompaper) Netflix said it reached a first quarter record of 7.41 million streaming subscribers added, with 1.96 million coming from the US and 5.46 million elsewhere. The total number of subscribers amounted to 125 million, up from over 117 million in the previous quarter and almost 98 million a year ago, including almost 57 million in the US and over 68 million outside. The results passed company expectations of 6.3 million additions. Netflix also reached record revenue growth, pushed by its strong show at international, which now accounts for 50 percent of revenues and 55 percent of subscribers.
Tags: strong
subscribers
reaches
q1
Apple names new head of music service, passes 40 mln subscribers
2018-04-12 08:44:00| Telecompaper Headlines
(Telecompaper) Apple has named a new head of its music service, as the paid streaming service passed 40 million subscribers. The company announced the promotion of Oliver Schusser to lead Apple Music, Variety reports, under the title vice president of Apple Music & International Content.
Tags: service
music
head
names
Ukraine LTE launch attracts 1 mln users in first week
2018-04-09 11:21:00| Telecompaper Headlines
(Telecompaper) Around 1 million Ukrainian mobile subscribers used LTE services in the first week after the launch of 4G networks in the country, reports BizLigaNet citing representatives of the mobile operators Lifecell and Vodafone Ukraine. Some 600,000 subscribers of Vodafone Ukraine and 400,000 customers of Lifecell connected to LTE services.
Tags: week
users
launch
ukraine
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